In today's gaming world, a decade of development can sometimes amount to nothing. Parent company Microsoft has reportedly cancelled Rare's long-in-development project Everwild. The news comes amid broader layoffs across Microsoft's Xbox division.

It's being reported that multiple Call of Duty studios under Activision have been hit with job cuts as part of Microsoft's latest wave of layoffs.

According to a new report, Xbox is planning major layoffs next week, and it's just the latest in a line of Microsoft employee cuts.